Statement:
In Bosnia and Herzegovina the cost of living is lower than in Iceland

In the Cost of Living rating Bosnia and Herzegovina holds position #73 ²⁰¹² out of 90 and Iceland is #10 out of 90 ²⁰¹².
Position of Bosnia and Herzegovina is better than position of Iceland.
Iceland is leader of the "Cost of Living" rating. Living in Iceland is really expensive, compared to Bosnia and Herzegovina

Referencies:

1. Cost of Living ²⁰²² by Numbeo

   The countries in the rating sorted by 'Cost of Living Index' in descending order.

   Iceland

   'Cost of Living Index' value is

   86.59

2. Cost of Living ²⁰²¹ by Numbeo

   The countries in the rating sorted by 'Cost of Living Index' in descending order.

   Bosnia and Herzegovina	'Cost of Living Index' value is	36.95
   Iceland	'Cost of Living Index' value is	99.67

3. Cost of Living ²⁰²⁰ by Numbeo

   The countries in the rating sorted by 'Cost of Living Index' in descending order.

   Bosnia and Herzegovina	'Cost of Living Index' value is	36.57
   Iceland	'Cost of Living Index' value is	90.19

4. Cost of Living ²⁰¹⁹ by Numbeo

   The countries in the rating sorted by 'Cost of Living Index' in descending order.

   Bosnia and Herzegovina	'Cost of Living Index' value is	36.19
   Iceland	'Cost of Living Index' value is	97.22

5. Cost of Living ²⁰¹⁸ by Numbeo

   The countries in the rating sorted by 'Cost of Living Index' in descending order.

   Bosnia and Herzegovina	'Cost of Living Index' value is	36.04
   Iceland	'Cost of Living Index' value is	112.64

6. Cost of Living ²⁰¹⁷ by Numbeo

   The countries in the rating sorted by 'Cost of Living Index' in descending order.

   Bosnia and Herzegovina	'Cost of Living Index' value is	38.69
   Iceland	'Cost of Living Index' value is	130.79

7. Cost of Living ²⁰¹⁶ by Numbeo

   The countries in the rating sorted by 'Cost of Living Index' in descending order.

   Bosnia and Herzegovina	'Cost of Living Index' value is	35.13
   Iceland	'Cost of Living Index' value is	99.68

8. Cost of Living ²⁰¹⁵ by Numbeo

   The countries in the rating sorted by 'Cost of Living Index' in descending order.

   Bosnia and Herzegovina	'Cost of Living Index' value is	36.24
   Iceland	'Cost of Living Index' value is	95.41

9. Cost of Living ²⁰¹⁴ by Numbeo

   The countries in the rating sorted by 'Cost of Living Index' in descending order.

   Bosnia and Herzegovina	'Cost of Living Index' value is	48.97
   Iceland	'Cost of Living Index' value is	113.58

10. Cost of Living ²⁰¹³ by Numbeo

    The countries in the rating sorted by 'Cost of Living Index' in descending order.

    Bosnia and Herzegovina	'Cost of Living Index' value is	53.40
    Iceland	'Cost of Living Index' value is	112.43

11. Cost of Living ²⁰¹² by Numbeo

    The countries in the rating sorted by 'Cost of Living Index' in descending order.

    Bosnia and Herzegovina	'Cost of Living Index' value is	50.75
    Iceland	'Cost of Living Index' value is	103.60